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Sallie Mae Introduces Fixed-Rate Private Education Loan

Sallie Mae, the nation’s No. 1 financial services company specializing in education, announced a new fixed interest rate option on its private education loans for academic year 2012-13. The new fixed interest rates, available to undergraduate and graduate students at degree-granting institutions on May 21, will start at 5.75 percent with no origination fees. Sallie Mae will continue to offer variable rate private education loans at rates starting at 2.25 percent for students at degree-granting institutions, with no origination fees.